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Upcoming IPOs in August 2024

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Synopsis:

Union Budget 2024 has stirred the stock market, setting the stage for a surge of IPOs. These IPOs attract both new and experienced investors with options from established giants to innovative startups. Here's a guide to the upcoming IPOs in 2024 to help you make informed investment decisions.

As anticipated, Union Budget 2024 generated significant buzz in the stock market. After experiencing some fluctuations, the market is now gearing up for a wave of IPOs. These Initial Public Offerings (IPOs) attract both new and seasoned investors, providing a range of options from established business giants to innovative start-ups. If you're looking to grow your financial portfolio, we've got you covered. Read on as we list some of the upcoming IPOs in 2024.

Go through all of them, try analysing their profitability, go over your risk appetite and then make a well-informed decision. To help you do all this, here is a complete guide on upcoming IPOs. Buckle up, folks!

Understanding Initial Public Offerings (IPOs)

IPOs are a two-way street, that is important for the company as well as the investor. The company makes its shares public, to the general public. When people buy these shares, the company raises capital that is further utilised in the development and growth of the company. When the company profits, so do the investors.

List of Upcoming IPOs

Here’s a list of some of the open and soon-to-be-launched IPOs that you can consider.

IPOs that are Open

Name of the Company

Issue

Price

Lot

Size

Issue

Size (in crores)

Open

Date

Close

Date

Allotment

Date

Listing

Date

Chetana Education

₹85

1600

45.90

24 July 2024

26 July 2024

27 July 2024

31 July 2024

V L Infraprojects

 42

3000

18.52

23 July 2024

25 July 2024

26 July 2024

30 July 2024

Manglam Infra & Engineering

₹56

2000

27.62

24 July 2024

26 July 2024

27 July 2024

31 July 2024

RNFI Services

₹105

1200

70.81

22 July 2024

24 July 2024

25 July 2024

29 July 2024

SAR Televenture

₹210

2000

300.00

22 July 2024

24 July 2024

25 July 2024

08 Nov 24

VVIP Infratech

₹ 93

1200

61.21

23 July 2024

25 July 2024

26 July 2024

30 July 2024

Aprameya Engineering

₹58

2000

29.23

25 July 2024

29 July 2024

30 July 2024

1 August 2024

Clinitech Laboratory

₹96

1200

5.78

25 July 2024

29 July 2024

30 July 2024

1 August 2024

Upcoming IPOs

Name of the Company

Issue

Price

Lot

Size

Issue

Size (in crores)

Open

Date

Close

Date

Allotment

Date

Listing

Date

Esprit Stones

₹87

1600

50.42

26 July 2024

30 July 2024

31 July 2024

2 August 2024

Trom Industries

₹115

1200

31.37

25 July 2024

29 July 2024

30 July 2024

1 August 2024

S A Tech Software India

₹59

2000

23.01

26 July 2024

30 July 2024

31 July 2024

2 August 2024

Ashapura Logistics Limited

₹136 to ₹144

1000

52.66

30 July 2024

1 August 2024

2 August 2024

6 August 2024

Rajputana Industries Limited

₹36 to ₹38

3000

23.88

30 July 2024

1 August 2024

2 August 2024

6 August 2024

Akums Drugs and Pharmaceuticals Limited

₹646 to ₹679

22

1856.74

30 July 2024

1 August 2024

2 August 2024

6 August 2024

Sathlokhar Synergys E&C Global Limited

₹133 to ₹140

1000

92.93

30 July 2024

1 August 2024

2 August 2024

6 August 2024

Bulkcorp International Limited

₹100 to ₹105

1200

20.78

30 July 2024

1 August 2024

2 August 2024

6 August 2024

Ola Electric (OLA Cabs)

Awaited

Awaited

Awaited

Coming Soon

Awaited

Awaited

Awaited

FirstCry

Awaited

Awaited

Awaited

Coming Soon

Awaited

Awaited

Awaited

Hyundai Motor India

Awaited

Awaited

Awaited

Coming Soon

Awaited

Awaited

Awaited

To help you in taking a call about your investments, here’s a little more about the companies with upcoming IPOs.

  1. Chetana Education
    A well-known name, Chetana Education has been in the field of educational publishing for almost 47 years now. The company offers top-quality learning resources in the form of worksheets, and textbooks and caters to digital solutions, ranging from pre-primary to K-12. The minimum lot size for a Chetana Education application is 1,600 shares. As a retail investor, you would have to deposit at least ₹1.36 lakh. On the other hand HNIs, High Net-worth Individuals, can bid for a minimum of two lots, or 3,200 shares. This will require an investment of ₹2.72 lakh.

  2. V L Infraprojects
    V L Infraprojects was erstwhile known as V.L. Infrastructures. With over a decade of experience in the construction industry, the company specialises in road construction, water treatment, water supply and irrigation projects. The company, headquartered in Ahmedabad, is recognized for offering innovative solutions in infrastructure development. The funds that V L Infraprojects generates from the new issuance will be used to meet working capital needs and general company purposes.

  3. Manglam Infra & Engineering
    MIEL, Manglam Infra & Engineering Limited was originally founded in 2010 as the partnership firm Manglam Associates, an engineering consulting organization. The company specializes in delivering design, engineering, consultation, and construction solutions for buildings, roads, highways, tunnels and bridges. With the SME IPO, MIEL is aiming to raise about ₹28 crores.

  4. Aprameya Engineering
    A healthcare solution provider, Aprameya Engineering, is in partnership with several prominent names. With the Aprameya Engineering IPO subscription beginning on 25th July 2024,  retail investors need an investment of ₹1.16 lakh. The lot size for an application is 2000 shares minimum. Here, in the HNIs, the minimum bidding size is two lots, that is 4000 shares. This means an investment of ₹2.32 lakh (at the higher price band).

  5. Clinitech Laboratory
    With over three decades in the field of diagnostic centres & pathology labs, Clinitech Laboratory has made a name for itself. With a face value of ₹10 per share, a minimum of 1,200 shares, and in multiples, are up for purchase.

  6. Esprit Stones
    Esprit Stones is a leading name in India's engineered stones sector. The company specialises in durable engineered quartz and marble surfaces. With its IPO release on July 26, 2024, the company aims to raise around ₹50.42 crores, with shares scheduled to be listed on the NSE Emerge platform.

  7. Trom Industries
    Trom Industries stands at the forefront of the solar energy revolution in the country. The market anticipates a good response with India's most reputable Solar EPC Company offering its shares to the public.

  8. S A Tech Software India
    S A Tech Software India offers scalable IT outsourcing solutions to global centres. As a retail investor, a minimum investment of ₹1,18,000 is required for you to purchase a minimum lot size of 2000 shares. For HNI, the minimum lot size investment is 2 lots, which means 4,000 shares. This will amount to ₹2,36,000.

  9. Akums Drugs and Pharmaceuticals Limited
    The pharma company comes with ₹1856.74 crores lot size. Akums Drugs announced a fresh issuance of 1 crore shares, totalling ₹680 crores, alongside an offer for sale of 1.73 crore shares, amounting to ₹1,262.83 crores.

  10. Bulkcorp International Limited
    Opening for subscription on 30 July, as a retail investor you’ll have to spend ₹126,000 for the Bulkcorp International Limited IPO. for HNIs, the minimum lot size investment of 2,400 shares will amount to ₹252,000.

Before Choosing an Upcoming IPO

Investing in Initial Public Offerings (IPOs) offers both opportunities and risks. To make informed decisions, it's crucial to approach IPOs with caution and thorough research. Start by examining the company's prospectus, which, despite being a dry read, details the company's risks, opportunities, and proposed uses for the funds raised. Remember, the prospectus is written by the company itself, so maintain a healthy scepticism.

Investing in IPOs can be a lucrative opportunity, but it requires careful consideration and research.  Conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is, therefore, essential. If a company's strengths outweigh its risks, it might be a good investment. For instance, companies with a solid market share and efficient distribution networks often present promising IPO opportunities.

Keep in mind that a lack of available information can make it challenging to gauge the true potential of a company. By exploring the available literature, understanding the prospectus, conducting a SWOT analysis, and using reliable resources, you can navigate the IPO market with confidence.

To Sum Up

Considered to be a money-making opportunity, IPOs of big companies grab the spotlight. The share prices go up when they go public. However, IPOs do come with their share of challenges. Yes, they are undeniably trendy, but their inconsistent returns can often make them a risky investment. 

Exploring the companies’ official websites, going through their progress understanding their business model, knowing their valuation and a thorough research on their future can help make the right decisions.

Disclaimer:

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

IPO Disclaimer:

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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